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Retirement

David Hodgson Financial Planner Retirement Advice

Retirement is a daunting prospect for many, but is not something to be afraid of … unless you are underprepared!

 

The earlier you can start planning, the greater the chance of being able to maintain your standard of living in retirement.

 

At Hodgson Financial Planning, we know the value of preparing for retirement because this has been a major focus area for David for the best part of 20 years.

 

In our experience, those who seek financial advice before retiring often feel less anxious, more assured, better prepared, and are financially more secure than those who do not plan or seek advice.

 

Before you can think about retiring you need to understand:

  • When you can retire

  • What you will do in retirement

  • At what age you can access your superannuation benefits

  • What are the tax implications of accessing investments

  • Your annual income requirements in retirement and

  • How long your money will last in retirement.

 

Retirement planning from an Adviser’s point of view involves:

  • Understanding your goals, objectives and investment timeframes

  • Eliminating current debt

  • Maximising tax deductions

  • Maximising superannuation contributions and balances

  • Managing investment risk

  • Minimising tax in retirement and leading up to retirement

  • Explaining how to transition to retirement

  • Establishing tax effective income streams

  • Planning for access to Centrelink benefits

  • Projecting how long investment balances will last.

 

If you want to start planning for your retirement, please contact David at Hodgson Financial Planning on 0401 936 224 or admin@hodgsonfinancialplanning.com.au

Retirement Advice at Hodgson Financial Planning
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